The euphoria over the claim that around 3,000 tonnes of gold reserves, worth Rs 12 trillion, have been discovered in Uttar Pradesh’s Sonbhadra district could not last even 24 hours, with the Geological Survey of India (GSI) clarifying on Saturday there had been no such discovery.
The GSI, headquartered in Kolkata, rebutted the claims of the Uttar Pradesh Directorate of Geology and Mining (UPDGM), and said “miscommunication” must have led to the wrong reporting of facts.
M Sridhar, director general of the GSI, said nobody in the agency gave any such data. He said 52,806 tonnes of gold ore was found in Sonbhadra district during the exploration work in 1998-2000. From this reserve, only 160 kg of gold can be extracted.
“There must have been some miscommunication of facts because of which the gold ore deposits have been overestimated. We have written a letter to Uttar Pradesh (UPDGM), stating the facts. The GSI has not estimated such kind of vast resource of gold deposits in Sonbhadra,” Sridhar said.
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The UPDGM had said on Friday that gold deposits were found in Son Pahadi and Hardi areas of the district. Sridhar said while gold ore was found in the area during the GSI’s exploration work in 1998-2000, it had told the state government about the discovery in November last year.
Under the new regulation, which came into effect from 2015, the GSI has to inform the state government when ore deposits are discovered. Earlier, no such action was mandatory. In its report, the GSI estimated that only 3.03 gm of gold can be extracted from a tonne of ore. It also clarified that even the extraction amount was tentative and could not be established for certain.
Moreover, Sridhar said the deposits were spread across only 0.5 sq km in forest land, which made the mining of ore economically unviable. “When there are several mines nearby, we can club it into a block and then it makes sense to mine the ore. But in this case, the deposits are too small to make it viable for any company to mine it,” he said. The GSI usually prioritises its exploration work based on the needs of the Centre. While strategic minerals like tin, cobalt, lithium, beryllium, germanium, gallium, indium, tantalum, niobium, selenium, and bismuth are atop the list in GSI exploration, gold is another commodity on its priority list.
According to the World Gold Council, India has reserves of 630 tonnes of gold.
According to a report published in Jayakirana, a Mangaluru based Kannada eveninger on Thursday, the incident took place on Saturday, but it came to light belatedly. The same report was published in Varthabharati Kannada daily on Friday.
Comments
GO RAKSHAK IS AN IMPOTENT TEAM. If they are really worried for Cow. They should come together to punish BJP men. It clearly shows that they are not worried for cow, they just want to get the benefit from cow voters during the election.
Saffron party not worried for cow. They are utilizing cow for their vote bank. If they are real worried then how India reached no.1 position in beef exporting, and modi government gives discount on the import of beef cutting machinary. Hindu people blindly believe their leaders and they utilize their voters like cow.
Complete F A K E NEWS....
Just saying 'According to the reports'......
Register a case IF the REPORT S are TRUE......
WHY hesitating, Aaj Ka Yudhistir?????
saffrons like eating beef very much than other ....
give them cow dung to eat and cow urine to drink. come on go rakashak
chaddigalu saar chaddigalu
Naren go ka mutra peene ko gaya....
Where are go rakshak sangh who usually force like this people to eat Gomuthra and Cowdung ? Why this time they disappear?
Go(ld) Mutra effect....
Everybody knows who are the real mafia. What can we expect from them when they made india no.1 by selling/exporting their so called gowmatha flesh into the international market .
ha ha ha,,naren thailand where are u?
Real face of BJP in india,.
this s totally fake news.
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